Portside Wealth Group LLC Sells 4,803 Shares of RTX Corporation $RTX

Portside Wealth Group LLC decreased its stake in shares of RTX Corporation (NYSE:RTX) by 15.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,783 shares of the company’s stock after selling 4,803 shares during the period. Portside Wealth Group LLC’s holdings in RTX were worth $3,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Brighton Jones LLC lifted its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Csenge Advisory Group raised its position in shares of RTX by 28.1% during the first quarter. Csenge Advisory Group now owns 7,050 shares of the company’s stock worth $909,000 after acquiring an additional 1,545 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of RTX by 1.9% during the first quarter. Montag A & Associates Inc. now owns 21,373 shares of the company’s stock valued at $2,831,000 after acquiring an additional 400 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in RTX by 8.2% in the first quarter. Blue Bell Private Wealth Management LLC now owns 1,532 shares of the company’s stock valued at $203,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RTX. JPMorgan Chase & Co. boosted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Susquehanna boosted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is owned by corporate insiders.

RTX Stock Up 0.0%

Shares of NYSE:RTX opened at $175.64 on Tuesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The company has a market capitalization of $235.50 billion, a PE ratio of 36.07, a PEG ratio of 2.79 and a beta of 0.64. The company has a 50 day moving average price of $167.32 and a two-hundred day moving average price of $153.77.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm posted $1.45 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is presently 55.85%.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.